Western Gas Partners (NYSE:WES) had its target price boosted by analysts at Barclays from $50.00 to $51.00 in a report issued on Friday, Stock Target Advisor reports. The firm currently has an “equal weight” rating on the pipeline company’s stock. Barclays’ price objective would suggest a potential upside of 10.99% from the company’s current price.

WES has been the topic of a number of other research reports. Bank of America decreased their price target on shares of Western Gas Partners from $53.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, October 1st. ValuEngine lowered shares of Western Gas Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Morgan Stanley decreased their price target on shares of Western Gas Partners from $52.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, August 17th. Wells Fargo & Co cut their price objective on shares of Western Gas Partners from $51.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, September 24th. Finally, Citigroup boosted their price objective on shares of Western Gas Partners from $53.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $53.57.

Shares of WES opened at $45.95 on Friday. Western Gas Partners has a 52 week low of $40.44 and a 52 week high of $54.40. The stock has a market capitalization of $6.67 billion, a P/E ratio of 35.35, a P/E/G ratio of 3.98 and a beta of 1.30. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.13.

Western Gas Partners (NYSE:WES) last announced its quarterly earnings results on Tuesday, July 31st. The pipeline company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. Western Gas Partners had a net margin of 22.80% and a return on equity of 12.18%. The business had revenue of $435.95 million for the quarter. Equities analysts expect that Western Gas Partners will post 1.83 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp boosted its holdings in Western Gas Partners by 3.2% in the 2nd quarter. Northern Trust Corp now owns 40,042 shares of the pipeline company’s stock valued at $1,938,000 after purchasing an additional 1,259 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in shares of Western Gas Partners by 20.4% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 8,185 shares of the pipeline company’s stock worth $396,000 after acquiring an additional 1,385 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Western Gas Partners by 2.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 77,571 shares of the pipeline company’s stock worth $3,754,000 after acquiring an additional 1,600 shares during the period. Cbre Clarion Securities LLC lifted its holdings in shares of Western Gas Partners by 3.3% during the 2nd quarter. Cbre Clarion Securities LLC now owns 57,153 shares of the pipeline company’s stock worth $2,766,000 after acquiring an additional 1,800 shares during the period. Finally, Tortoise Index Solutions LLC lifted its holdings in shares of Western Gas Partners by 16.2% during the 2nd quarter. Tortoise Index Solutions LLC now owns 14,564 shares of the pipeline company’s stock worth $705,000 after acquiring an additional 2,035 shares during the period. 59.79% of the stock is owned by hedge funds and other institutional investors.

Western Gas Partners Company Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

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